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1013: BlackRock’s Entrance to Crypto Can Send Bitcoin Soaring to $523K, Says Ark Invest!!

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Manage episode 337343573 series 2835096
Content provided by Justin Verrengia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Verrengia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

ARK Invest founder Cathie Wood thinks BlackRock’s entry into the crypto space could have huge implications for the Bitcoin price action.

"Last week, US-based cryptocurrency giant Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring crypto trading to wealthy clients.

Blackrock’s decision to partner with Coinbase is a strong signal that institutions consider bitcoin. Based on ARK’s simulated portfolio allocations, institutional allocations between 2.5% and 6.5% could impact bitcoin’s price by $200,000 - $500,000"

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1214 episodes

Artwork
iconShare
 
Manage episode 337343573 series 2835096
Content provided by Justin Verrengia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Verrengia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

ARK Invest founder Cathie Wood thinks BlackRock’s entry into the crypto space could have huge implications for the Bitcoin price action.

"Last week, US-based cryptocurrency giant Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring crypto trading to wealthy clients.

Blackrock’s decision to partner with Coinbase is a strong signal that institutions consider bitcoin. Based on ARK’s simulated portfolio allocations, institutional allocations between 2.5% and 6.5% could impact bitcoin’s price by $200,000 - $500,000"

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1214 episodes

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